MINNEAPOLIS, Nov. 25 /PRNewswire/ -- Key Investment, Inc.
announced today that its investment group has completed the acquisition
of MSP Communications, publisher of MPLS.ST.PAUL MAGAZINE, TWIN CITIES
BUSINESS MONTHLY, COMPUTER USER, U.S.ART, and numerous specialty
publications. Terms of the deal were not disclosed.

Key is a Twin Cities-based media and publishing company headed by
Dwight Opperman and his son Vance.

Vance Opperman, chief executive officer of Key, said the new
company will aggressively pursue expansion opportunities in the
publishing field and will quickly position itself as a major content
provider in the burgeoning online-service industry. Key will continue
to publish all of the current publications under the MSP Communications
name. No changes in management or staff will be made, Opperman said.
MSP's former owners -- Burton Cohen, Gary Johnson, and Brian
Anderson -- will continue to manage the business in their previous roles
as president, chief operating officer, and editorial director,
respectively.

Dwight Opperman served as chairman and chief executive officer of
Eagan, Minn.-based West Publishing, the nation's leading legal
publisher, until it was acquired in June 1996 by Toronto-based Thomson
Corporation. Vance Opperman, who previously served as president of West
Publishing, is now a member of the board of directors of the Thomson
Corporation. Earlier this year, Vance Opperman became an owner and
chairman of Minnesota Law and Politics, a monthly public affairs
magazine based in Minneapolis.

MPLS.ST.PAUL MAGAZINE has been the largest city magazine in the
United States in terms of advertising pages during each of the last
three years. Its paid circulation of 65,000 is at an all-time high.
TWIN CITIES BUSINESS MONTHLY, started three years ago, has become the
dominant monthly business publication in the Twin Cities with a
circulation of 30,000. COMPUTER USER is published monthly in 19 U.S.
cities and has a combined circulation exceeding 700,000. MSP
Communications also publishes U.S.ART MAGAZINE, which is distributed
nationally to buyers of limited-edition prints, as well as other
specialty magazines.